Scott Basham resigns as Group CEO of HighCom Scott Basham, Group CEO of ASX-listed defence business HighCom Group — known as XTEK until November last year — has tendered his resignation to the board. “It’s been a tremendous privilege to lead and work with such a great group of people over that time all around…
The defence contractor formerly known as XTEK has begun trading on the ASX under its new name, HighCom. In a statement on Wednesday, the company said that the change of name had been processed by the Australian Securities and Investment Commission. Its ASX ticker code has gone from XTE to HCL. The changes follow shareholders…
By Brent Balinski The Industry Growth Program, offering grants between $50,000 and $5 million to SME and startup commercialisation projects, started accepting applications on Monday. It will no doubt be useful to a long list of companies. However, the replacement for the Entrepreneurs’ Programme does nothing to address some bigger, more immediate problems. The mood…
XTEK has won a $1.6 million order for specialist ballistic armour from a European customer that had purchased $2.6 million in armour in July.
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) What a fast growth manufacturer does to digitise – webinar Like all manufacturers Ty Hermans is rapidly digitising his businesses, but his task is especially challenging given the very rapid rate of growth of his Venlo Holdings…
Defence contractor XTEK has told shareholders that it will shut its Adelaide site by 2024 and move the factory’s manufacturing and R&D operations to the United States, citing opportunities in that market. XTEK supplies defence products, such as drones, and develops its own, including composite armour based on its proprietary XTclave process. XTclave is a…
The board of defence contractor XTEK wants to change the company’s name to HighCom Limited, and will take the proposed change to shareholders at the upcoming annual general meeting on November 23. XTEK listed on the ASX under that name in 2005 as a supplier of security-related products and services, and trades under the ticker…
Ballistic armour and drone technology manufacturer XTEK continues to ride rising global insecurity, reporting another big jump in revenue in FY23. XTEK reported profit after tax of $6.1 million, up seven percent, on revenue up 54 percent to $89.4 million for the year. EBITDA profit was $10.9 million with the company ending the year with…
Ballistics and technology company XTEK has received an order worth $3.4 million from the Department of Defence to supply spare parts in support of the Small Unmanned Aerial Systems (SUAS) fleet. In a short statement to the ASX on Wednesday, XTEK Group CEO Scott Basham said the company was continuing to provide high-end sustainment support…